Benchmark Electronics Inc Bottom Line Retreats 26% In Q1

(RTTNews) - Benchmark Electronics Inc (BHE) revealed earnings for first quarter that lost ground compared to the same period last year.

The company said its bottom line totaled $13.15 million, or $0.26 per share. This was lower than $17.80 million, or $0.34 per share, in last year's first quarter.

Analysts had expected the company to earn $0.32 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 11.5% to $549.22 million. This was down from $620.92 million last year.

Benchmark Electronics Inc earnings at a glance:

-Earnings (Q1): $13.15 Mln. vs. $17.80 Mln. last year. -Earnings Decline (Y-o-Y): -26.1% -EPS (Q1): $0.26 vs. $0.34 last year. -EPS Decline (Y-o-Y): -23.5% -Analysts Estimate: $0.32 -Revenue (Q1): $549.22 Mln vs. $620.92 Mln last year. -Revenue Change (Y-o-Y): -11.5%

-Guidance: Next quarter EPS guidance: $0.29 - $0.33 Next quarter revenue guidance: $570 - $600 Mln